Search For "bank of india"
Food inflation remained at negative 2.78% in November as CPI rose to 0.71%
Updated : 3 months, 1 week ago IST
Food inflation stayed in deflation during November 2025 at negative 2.78 per cent, rising from the record low of negative 3.7 per cent in October, even as overall consumer inflation edged up. A report by the Union Bank of India shows that the broader price trend in the economy continued to r
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India's forex reserves rise by $1.03 billion to $687.26 billion
Updated : 3 months, 1 week ago IST
India's foreign exchange reserves rose marginally, by USD 1.033 billion in the week that ended December 5 to USD 687.260 billion, driven by a jump in gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
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HSBC India Opens New Branch In Amritsar To Support Wealth Expansion
Updated : 3 months, 1 week ago IST
New Delhi [India], December 12: HSBC India today unveiled its new branch in Amritsar, Punjab, marking a significant step in its strategic expansion across the country. This launch signifies the bank's 28th branch in India following the Reserve Bank of India's approval earlier this year to op
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India Fintech Forum Flagship Event IFTA Focused on BFSI Concludes its 10th
Updated : 3 months, 1 week ago IST
Mumbai (Maharashtra) [India], December 12: The India FinTech Forum concluded the 10th edition of the India FinTech Awards (IFTA) on 10 December 2025 at Aurika, Mumbai. Supported by Association of Mutual Funds in India (AMFI), State Bank of India (SBI) and Indian Clearing Corporation Limited
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RBI announces OMO purchase auction results; to hold underwriting auction f
Updated : 3 months, 1 week ago IST
The Reserve Bank of India on Thursday released the results of its Open Market Operation (OMO) purchase auction of Government of India securities, aggregating to a notified amount of Rs 50,000 crore, and also announced plans to conduct an underwriting auction for a separate G-Sec sale on Dece
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As US Fed ends year with another rate cut, BoB Economist predict RBI to se
Updated : 3 months, 1 week ago IST
For India, the Fed's stance carries important implications, particularly in the context of currency volatility and interest-rate differentials. The BoB Economist Dipanwita Mazumdar expected India's Reserve Bank of India (RBI) to settle at 5% repo rate in the Calendar Year 2026.
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Decision on freezing UPI payments rests with RBI, NPCI: SBI's Ashwini Kuma
Updated : 3 months, 1 week ago IST
State Bank of India Managing Director (Corporate Banking and Subsidiaries) Ashwini Kumar Tewari on Wednesday said the banking system in India is looking at ways and means to help customers retrieve funds in cases of fraud or inadvertent transactions, but stressed that any move to introduce a
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CBI registers cases against Reliance Home Finance and Reliance Commercial
Updated : 3 months, 1 week ago IST
The Central Bureau of Investigation (CBI) has registered two separate cases against Reliance Home Finance Ltd. (RHFL) and Reliance Commercial Finance Ltd. (RCFL), both part of the Reliance ADA Group, for allegedly defrauding Union Bank of India and Bank of Maharashtra to the tune of Rs 22
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RBI plans long-term USD/INR swap to boost liquidity
Updated : 3 months, 1 week ago IST
The Reserve Bank of India is set to inject liquidity into the banking system through a long-term USD/INR Buy/Sell Swap auction, marking a key move to ease financial conditions at a time when liquidity needs closer attention. According to an RBI press release on Monday, the central bank will
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RBI may opt for more rate cuts if global challenges hit domestic growth: C
Updated : 3 months, 2 weeks ago IST
The Reserve Bank of India (RBI), after delivering a 25 basis-point policy rate cut in December, is expected to keep the option open for further monetary easing if global headwinds severely weigh on India's growth outlook, highlighted a report by CareEdge Ratings.
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India's forex reserves slip USD 1.88 bn to USD 686.227 bn with FCA down, g
Updated : 3 months, 2 weeks ago IST
India's foreign exchange reserves declined by USD 1.877 billion in the week that ended November 28 to USD 686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).
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Repo Rate Slashed to 5.25 percent; Softer Rate Cycle Reignites Demand Acro
Updated : 3 months, 2 weeks ago IST
New Delhi [India], December 6: The Reserve Bank of India (RBI) has unanimously cut the repo rate by 25 basis points, bringing it to 5.25 percent. This marks the fourth rate reduction in 2025, totalling a cumulative 125 bps cut since the start of the year. This decisive move comes against a b
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